Prudential Real Estate Survey: Americans are Optimistic About Housing

Prudential Real Estate Affiliates President Earl Lee shares his thoughts on the latest Prudential Real Estate housing market survey in this interview on CNBC, showing Americans are optimistic about housing and homeownership is still an important part of the American dream. Click this link to watch the interview: Prudential Real Estate Survey: Americans Optimistic

Earl Lee

Kudos to our Yamhill County real estate professionals

In 2011, we helped more people buy and sell homes in Yamhill County than anyone else.

Yamhill County Real Estate Stats

Kudos to our McMinnville, Newberg and Sherwood teams, and a sincere “Thank You” to the folks in Yamhill County for trusting the committed professionals at Prudential Northwest Properties with all your real estate needs. We’re proud to earn your business!

Click here to contact a Yamhill County real estate professional today.

 


Portland Metro Market Stats – December 2011 & Year End

The latest RMLS Market Action report for the greater Portland Metro area shows closed sales rose 4% and pending sales increased 6% when comparing overall activity from 2010 with that of 2011. For the year, the average sale price dropped 6.7%, from $282,100 to $263,300, and new listings were down 25.4%.

When comparing December 2011 to December of 2010, closed sales were up 10.3%, pending sales increased 19.3% and new listings were down 11.7%. At December’s rate of sales, it would take approximately 5.3 months (the shortest time period in recent years) to sell the 8,612 active residential listings on the market.

Portland Market Action Dec 2011

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.


Southwest Washington Market Stats – December 2011 & Year End

The latest RMLS Market Action report shows closed sales are up 4.6% in Clark County when comparing annual activity in 2010 with that of 2011. Pending sales rose 7.9% and new listings fell by 11%.

When comparing the month of December 2010 to December of 2011, closed sales increased over 14%.

Inventory level stands at 6.5, meaning it would take 6.5 months to sell the 2,590 current active listings at the current sales pace if no new listings became available. Six months of inventory is considered a balanced market.

SW Washington Market Action Dec 2011

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.

Information courtesy of RMLS.


Market Trend Spotlight – Portland, OR Zip Code 97229

Here’s a summary of the market trends in Portland’s 97229 zip code, which includes the communities of Cedar Mill, Northwest Heights, Rock Creek and Bethany. Average price has increased 2.48% from November 2010 to November 2011. If you would like to see current real estate activity and market trends in your area, please click here and register for Market Tracker. Simply enter your name, email address and zip code — your information will remain private and only be used for the purpose of sending you this automated report.

97229


Portland Metro Market Stats – November 2011

The latest RMLS Market Action report for the greater Portland Metro area shows a slight increase in sales price when comparing November 2011 to the prior month. Average price rose to $259,400 and median price increased 3.3% to $225,000. Closed sales were up 18.9% when comparing November 2011 to November 2010. Looking at January – November 2011 and the same period last year, closed sales are up 3.4% and pending sales are up by 5.3%. Inventory currently stands at 6.2 months, the lowest in the last three years and four months lower than at this time last year. With mortgage rates at historic lows, this is a great time to buy a home.

Portland Metro Market Action Nov 2011

 


Southwest Washington Market Stats – November 2011

The latest RMLS Market Action report shows sales are up 17.2% in Clark County when comparing November 2011 to November 2010, and prices are down 7.2%. From October to November of this year, average and median sales prices increased  by 8.2% and 5%, respectively. (The median price is the price that falls in the middle of the total number of homes sold.) Inventory level stands at 8, meaning it would take 8 months to sell all the current listings at the current sales pace if no new listings became available. Six months of inventory is considered a balanced market.

SW Washington Market Action Nov 2011

 


Market Trend Spotlight – Vancouver, WA Zip Code 98664

Here’s a summary of the market trends in Vancouver’s 98664 zip code, which includes the Vancouver Heights, Marrion, and Ellsworth Springs neighborhoods. If you would like to see current real estate activity and trends in your area, please click the MARKET TRACKER graphic to the right of this image.

Vancouver 98664

Enter your name, email address and zip code … your information will remain private and only be used for the purpose of sending you this automated report.

 

 


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